Iris Energy Limited (NASDAQ:IREN - Free Report) - B. Riley issued their Q1 2026 EPS estimates for Iris Energy in a research note issued on Thursday, May 15th. B. Riley analyst N. Giles forecasts that the company will post earnings per share of $0.13 for the quarter. B. Riley currently has a "Buy" rating and a $15.00 price target on the stock. The consensus estimate for Iris Energy's current full-year earnings is $0.43 per share. B. Riley also issued estimates for Iris Energy's Q2 2026 earnings at $0.12 EPS, Q3 2026 earnings at $0.14 EPS, Q4 2026 earnings at $0.15 EPS and FY2027 earnings at $0.45 EPS.
Iris Energy (NASDAQ:IREN - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.06). The business had revenue of $148.10 million for the quarter, compared to the consensus estimate of $153.38 million. Iris Energy had a negative return on equity of 3.98% and a negative net margin of 17.94%.
A number of other equities analysts also recently commented on IREN. Cantor Fitzgerald reiterated an "overweight" rating and issued a $23.00 target price on shares of Iris Energy in a report on Thursday, February 13th. Needham & Company LLC reissued a "hold" rating on shares of Iris Energy in a research note on Thursday, February 13th. Macquarie increased their target price on Iris Energy from $15.50 to $20.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Wall Street Zen downgraded Iris Energy from a "hold" rating to a "sell" rating in a research note on Thursday. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $23.00 price objective on shares of Iris Energy in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Iris Energy presently has a consensus rating of "Moderate Buy" and an average target price of $20.30.
Check Out Our Latest Report on IREN
Iris Energy Stock Performance
Iris Energy stock traded down $0.17 during trading hours on Monday, reaching $9.12. The stock had a trading volume of 10,966,153 shares, compared to its average volume of 16,186,152. The business's 50 day moving average price is $6.63 and its 200-day moving average price is $9.51. Iris Energy has a 52 week low of $5.13 and a 52 week high of $15.92.
Hedge Funds Weigh In On Iris Energy
A number of institutional investors and hedge funds have recently made changes to their positions in IREN. Stonebridge Financial Group LLC acquired a new position in shares of Iris Energy during the fourth quarter worth about $29,000. HM Payson & Co. purchased a new stake in shares of Iris Energy during the 4th quarter worth $30,000. R Squared Ltd purchased a new stake in shares of Iris Energy during the 4th quarter worth $37,000. Crewe Advisors LLC purchased a new stake in shares of Iris Energy during the 1st quarter worth $39,000. Finally, Quarry LP purchased a new stake in shares of Iris Energy during the 1st quarter worth $40,000. 41.08% of the stock is owned by institutional investors and hedge funds.
Iris Energy Company Profile
(
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Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.
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